Accounting
The following financial information pertains to Copper Supply Company:• Cash sales, $150,000• Credit sales, $450,000• Selling and administrative expenses, $95,000• Sales returns and allowances, $15,000• Gross profit, $325,000• Increase in accounts receivable, $25,000• Bad debt expense, $8,000• Sales discounts, $22,500• Net income, $100,000Copper’s cost of goods sold is _____.
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